Unit 1305, Elite Business Bay Residence: what it sold for and what it is worth now

Unit 1305 at Elite Business Bay Residence is a studio of 503 sq ft. It last sold for AED 614,990 on 3 Feb 2021. At AED 1,571 per sq ft, from 3 sales of units ending 05 (same position in the tower), it is worth about AED 790,000 today.

Value todayAED 790,000AED 787,000 to AED 810,000
Last saleAED 614,9903 Feb 2021 · Resale
Change since last sale+28.5%Building trend alone: AED 813,183
Rent (median asking, studio)AED 54,450Gross yield 6.9%
Bedroomsstudio
Size503 sq ft
Floor13 (from the unit number)
Position in the towerStack 05: units ending 05 share the same layout and view
BuildingElite Business Bay Residence by Ellington Properties, handed over 2020
Registered sales of this unit1

Every registered sale of unit 1305

DatePriceSizeAED/sq ftType
3 Feb 2021AED 614,990503 sq ft1,223Resale

Units ending 05 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
60528 Jan 2026AED 780,000501 sq ft1,557Resale
110529 Oct 2024AED 830,000503 sq ft1,650Resale
160515 Oct 2024AED 790,000503 sq ft1,571Resale
200527 Nov 2023AED 730,000503 sq ft1,451Resale
170526 Apr 2023AED 800,000503 sq ft1,590Resale
17055 Dec 2022AED 590,000503 sq ft1,173Resale
120514 Nov 2022AED 620,000503 sq ft1,233Resale
140528 Nov 2021AED 570,000503 sq ft1,133Resale

Latest studio sales in Elite Business Bay Residence

UnitDatePriceSizeAED/sq ftType
200622 Sep 2026AED 760,000498 sq ft1,526Resale
19042 Sep 2026AED 750,000506 sq ft1,482Resale
162319 Aug 2026AED 830,000495 sq ft1,677Resale
10314 Aug 2026AED 787,500480 sq ft1,641Resale
18067 Aug 2026AED 800,000498 sq ft1,606Resale
22331 Jul 2026AED 718,000495 sq ft1,451Resale
72026 Jun 2026AED 730,000503 sq ft1,451Resale
30222 May 2026AED 725,000480 sq ft1,510Resale

How we worked out the value

We took the 3 resale sales of units ending 05 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,571). We multiplied it by the size of this unit (503 sq ft). The range uses the middle half of those sales (AED 1,564 to AED 1,610 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 813,183. Floor, view, condition and upgrades can move the price either way. Sales data to 22 Sep 2026, from the Dubai Land Department register.

Questions

What is unit 1305 at Elite Business Bay Residence worth?

About AED 790,000 (range AED 787,000 to AED 810,000), based on AED 1,571 per sq ft from registered sales up to 22 Sep 2026.

When did unit 1305 last sell?

3 Feb 2021, for AED 614,990 (resale). It has 1 registered sale.

What rent can unit 1305 make?

A studio in Elite Business Bay Residence rents for about AED 54,450 a year (median asking rent). That is a gross yield of 6.9% on the estimate.

Sales alert for Elite Business Bay ResidenceAll sales in Elite Business Bay Residence

Unit 1304 · Unit 1306